The money would be split between tax cuts, infrastructure
spending, and transfer payments to state and local governments,
according to the report — which is in line with what
administration officials have been hinting at for
weeks. More than half of the total would come from the
extension and expansion of the payroll tax cut, and the
continuation of expiring of unemployment benefits.

Republicans are already lining up in opposition to Obama's plan —
even before they have been briefed on its contents — with Senate
Minority Leader Mitch McConnell
saying he is certain it will be "more of the same" failed
policies.

House Majority Leader Eric Cantor already ruled out a "second
failed stimulus" in a joint letter to Obama with Speaker of the
House John Boehner and given the GOP's focus on
deficits, a plan of this magnitude may be a tough sell.

Republicans have already expressed their unwillingness to extend
the payroll tax cut, though they would face tremendous political
opposition if they were to block it.

The proposals don't represent anything beyond what the
administration has already publicly floated, something the White
House is cognizant of. Press Secretary Jay Carney sought to
downplay expectations he set that Obama would provide new
proposals, telling the press today "what's new to some is
not new to others."

Obama is under pressure to deal with the stagnant unemployment
rate — especially after Friday's dismal August jobs report.